Websol Energy System Ltd
Websol Energy System Limited is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India. [1]
- Market Cap ₹ 5,903 Cr.
- Current Price ₹ 1,357
- High / Low ₹ 1,891 / 524
- Stock P/E 38.2
- Book Value ₹ 64.0
- Dividend Yield 0.00 %
- ROCE 59.2 %
- ROE 80.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 68.6% CAGR over last 5 years
Cons
- Stock is trading at 21.2 times its book value
- Promoter holding is low: 27.7%
- Promoters have pledged 91.8% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Part of Nifty Microcap 250 Nifty Total Market
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
305 | 356 | 280 | 296 | 183 | 69 | 196 | 154 | 213 | 17 | 26 | 575 | |
291 | 351 | 271 | 267 | 167 | 93 | 193 | 120 | 187 | 30 | 27 | 323 | |
Operating Profit | 14 | 5 | 9 | 29 | 17 | -25 | 3 | 34 | 26 | -13 | -1 | 253 |
OPM % | 5% | 1% | 3% | 10% | 9% | -36% | 1% | 22% | 12% | -74% | -5% | 44% |
-39 | -39 | -1 | 70 | 11 | 17 | 4 | 60 | 6 | 1 | -110 | 2 | |
Interest | 31 | 2 | 1 | 5 | 9 | 6 | 6 | 9 | 3 | 4 | 5 | 19 |
Depreciation | 18 | 16 | 15 | 15 | 14 | 15 | 15 | 15 | 15 | 15 | 36 | 41 |
Profit before tax | -74 | -52 | -9 | 79 | 5 | -29 | -15 | 69 | 14 | -32 | -153 | 194 |
Tax % | 0% | 1% | 14% | 0% | 0% | 0% | -127% | 29% | 30% | -25% | -21% | 20% |
-74 | -52 | -10 | 79 | 5 | -29 | 4 | 49 | 10 | -24 | -121 | 155 | |
EPS in Rs | -33.84 | -23.83 | -4.49 | 35.83 | 1.79 | -9.97 | 1.34 | 15.86 | 2.64 | -6.11 | -28.66 | 35.64 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 24% |
3 Years: | 39% |
TTM: | 2125% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 69% |
3 Years: | 160% |
TTM: | 1717% |
Stock Price CAGR | |
---|---|
10 Years: | 53% |
5 Years: | 149% |
3 Years: | 144% |
1 Year: | 124% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 23% |
Last Year: | 80% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 22 | 27 | 29 | 31 | 31 | 37 | 39 | 42 | 42 |
Reserves | -164 | -217 | -227 | 36 | 74 | 95 | 94 | 143 | 155 | 152 | 66 | 236 |
389 | 382 | 352 | 84 | 81 | 76 | 78 | 35 | 36 | 28 | 184 | 153 | |
383 | 400 | 306 | 175 | 187 | 152 | 109 | 75 | 58 | 48 | 61 | 83 | |
Total Liabilities | 629 | 587 | 453 | 317 | 369 | 352 | 311 | 284 | 286 | 267 | 353 | 514 |
322 | 280 | 266 | 283 | 304 | 287 | 254 | 239 | 225 | 210 | 270 | 290 | |
CWIP | 12 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 6 | 30 | 17 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
296 | 307 | 187 | 34 | 65 | 64 | 56 | 45 | 61 | 51 | 53 | 208 | |
Total Assets | 629 | 587 | 453 | 317 | 369 | 352 | 311 | 284 | 286 | 267 | 353 | 514 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-56 | -13 | 30 | 142 | 10 | 5 | 1 | 36 | -3 | -8 | 35 | 167 | |
-14 | -4 | -0 | 28 | -1 | 6 | 13 | -0 | -1 | -6 | -223 | -86 | |
63 | 15 | -30 | -168 | -12 | -11 | -14 | -35 | 6 | 10 | 189 | -35 | |
Net Cash Flow | -7 | -1 | -1 | 2 | -3 | 0 | 0 | 1 | 2 | -4 | 1 | 47 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 210 | 162 | 94 | 2 | 42 | 51 | 33 | 47 | 46 | 37 | 11 | 3 |
Inventory Days | 55 | 61 | 33 | 7 | 51 | 216 | 29 | 70 | 56 | 544 | 525 | 70 |
Days Payable | 328 | 283 | 250 | 64 | 172 | 517 | 134 | 157 | 58 | 878 | 1,334 | 66 |
Cash Conversion Cycle | -63 | -60 | -124 | -55 | -79 | -249 | -72 | -40 | 45 | -298 | -798 | 7 |
Working Capital Days | -126 | -146 | -222 | -142 | -49 | -180 | -49 | -24 | 39 | -272 | -411 | 13 |
ROCE % | -1% | -5% | -3% | 62% | 8% | -12% | -1% | 11% | 7% | -11% | -14% | 59% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 May - Results for the quarter and year ended as on 31st March, 2025 was published in two newspaper: 1. Financial Express (English Edition) 2. Ek Din …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 May - FY25 revenue Rs.5,755M, PAT Rs.1,547M; new 600 MW solar cell line starts Q1 FY26; major new orders secured.
- Audited Financial Results Of The Company For The Quarter And Year Ended As On 31St March, 2025 15 May
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Board Meeting Outcome for Audited Financial Results Of The Company For The Quarter And Year Ended As On 31St March, 2024
15 May - Websol posts Rs.154.74 Cr net profit FY25; director resignation; internal auditor re-appointed; new plant commissioning July 2025.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
12 May - Loss of share certificates reported; duplicate certificates to be issued to shareholder Bhagwan Das Mehta.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Feb 2018TranscriptNotesPPT
Products
Co. specializes in the production of photovoltaic crystalline solar cells and related PV modules. The Company’s products are used in both commercial and industrial Solar Energy panels in India and internationally. [1]